Etsy Inc. (NASDAQ:ETSY) shares traded down 2% during mid-day trading on Friday . The company traded as low as $9.89 and last traded at $9.94, with a volume of 597,668 shares trading hands. The stock had previously closed at $10.14.

A number of analysts have issued reports on ETSY shares. Zacks Investment Research downgraded Etsy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 27th. Maxim Group started coverage on Etsy in a report on Thursday, May 26th. They set a “buy” rating and a $12.00 price target for the company. Roth Capital reaffirmed a “sell” rating and set a $6.00 price target on shares of Etsy in a report on Wednesday, April 6th. Royal Bank Of Canada reaffirmed a “hold” rating on shares of Etsy in a report on Thursday, May 12th. Finally, TheStreet started coverage on Etsy in a report on Thursday, May 26th. They set a “sell” rating for the company. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. Etsy has an average rating of “Hold” and an average price target of $11.17.

The stock’s 50-day moving average is $9.56 and its 200 day moving average is $8.56. The company’s market cap is $1.11 billion.

Etsy (NASDAQ:ETSY) last posted its quarterly earnings data on Tuesday, May 3rd. The company reported ($0.84) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by $0.81. The business had revenue of $58.54 million for the quarter, compared to the consensus estimate of $75.15 million. During the same period in the prior year, the firm posted ($0.84) earnings per share. Etsy’s revenue was up 39.8% compared to the same quarter last year. On average, equities analysts expect that Etsy Inc. will post ($0.02) earnings per share for the current fiscal year.

In other Etsy news, Director Frederick R. Wilson sold 200,000 shares of the company’s stock in a transaction dated Thursday, May 12th. The shares were sold at an average price of $8.27, for a total value of $1,654,000.00. Following the completion of the transaction, the director now directly owns 822,062 shares of the company’s stock, valued at approximately $6,798,452.74. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Frederick R. Wilson sold 30,130 shares of the company’s stock in a transaction dated Monday, May 9th. The shares were sold at an average price of $8.21, for a total transaction of $247,367.30. Following the completion of the transaction, the director now directly owns 579,623 shares of the company’s stock, valued at $4,758,704.83. The disclosure for this sale can be found here.

Etsy, Inc (Etsy) operates a marketplace where people around the world connect, both online and offline, to make, sell and buy goods. Handmade goods are the foundation of its marketplace. The Company operates a platform for third-party sellers. The Company offers a mix of marketplace activities and services.

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